Shopping Center with Grocery
For Sale
Contact for pricing
6409-6501 N Cosby Ave, Kansas City, MO 64151
Multi-tenant retail property with grocery-store shadow anchors and established occupancy.
Property Size124,878 SF
Price / SF$120.12
Days on Market49
Property Features for 6409-6501 N Cosby Ave
General Information
Standard status
Active
Size
124,878 SF
Property subtype
RETAIL
Occupancy
85%
Site & Location
Neighborhood
Hawthorne and Picture Hills
Anchor Co-Tenants
Hy-Vee, Aldi
Traffic Count
59,000 vehicles/day
Listing Agency:
NAI Heartland | Kansas City
(913) 362-1000
Listed By:
Brandon LaSala · License #1999131927
(913) 956-5815
Source:
Moodyscre
Added: Sep 8
Changed: Oct 26
Last Checked: Oct 24 at 8:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Heartland | Kansas City
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Investment Insights
Based on property information with market context.
This 124,878-square-foot shopping center at 6409–6501 N Cosby Ave in Kansas City, Missouri, is 85% occupied and includes a tenant mix described as focused on internet-resistant industries. The property offers an established retail configuration with existing occupancy and available leasing or renewal activity.
The center is visible to nearly 59,000 vehicles per day on 64th Street and is shadow anchored by Hy-Vee and Aldi grocery stores. More than 130,000 people live within a 5-mile radius, while the surrounding area includes logistics centers, new housing communities, and additional retail development.
The center is visible to nearly 59,000 vehicles per day on 64th Street and is shadow anchored by Hy-Vee and Aldi grocery stores. More than 130,000 people live within a 5-mile radius, while the surrounding area includes logistics centers, new housing communities, and additional retail development.
Key Highlights
- 124,878‑square‑foot shopping center at 6409–6501 N Cosby Ave
- 85% occupancy with existing retail tenant mix
- Visible to nearly 59,000 vehicles per day on 64th Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,174,527
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$23,490,540
$23.5M
Cap Rate 7%
$16,778,957
$16.8M
Cap Rate 9%
$13,050,300
$13.1M
Market Conditions
NOI Build-Up for 124,878 SF
Gross rent
$1.75M $14.04/SF
− Vacancy
−$75.4K −$0.60/SF
EGI
$1.68M $13.44/SF
− OpEx
−$503.4K −$4.03/SF
NOI
$1.17M $9.41/SF
Area
Kansas City, MO
Vacancy
4.30%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$23,490,540
Cap Rate 7%
$16,778,957
Cap Rate 9%
$13,050,300
Alternative Uses
Best Use
Retail
$16.78M
$14.68M – $19.58M
NOI $1,174,527 @ 7.0% cap · market cap 7.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$29.74M
$26.03M – $34.70M
NOI $2,082,126 @ 7.0% cap · market cap 13.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
59,000 VPD
Traffic count
85%
Occupancy
Location Intelligence
Trade Area within ½ mile
671
Businesses Nearby
263k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Groceries 38%
Shops & Services 18%
Beauty & Spa 4%
Hy-Vee
Groceries
65,079 visits/mo
0.3 miles
McDonald's
Dining
32,023 visits/mo
0.3 miles
Aldi
Groceries
20,355 visits/mo
0.3 miles
Culver's
Dining
19,733 visits/mo
0.2 miles
Dollar Tree
Shops & Services
17,756 visits/mo
0.1 miles
Demographics for 64151, MO
28,779
Population
12,452
Households
2.3
Avg Household Size
38
Median Age
42%
College-Educated
97%
High-School Grad
13.1 sq mi
ZIP Area
2,197
Density / Sq Mi
$91,348
Median Household Income
$50,069
Median Earnings
$1,333
Median Rent
$292,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Kansas City, MO
Similar Off Market Nearby
- Village at Burlington Creek — 6050 NW 63rd Terrace, Kansas City, MO 64151
Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant retail property with grocery-store shadow anchors and established occupancy.
Where is this shopping center located?
The property is located at 6409-6501 N Cosby Ave Kansas City, MO.
What is the asking price?
The asking price for this property is $15,000,000.
What are key features of this property?
This property features: 124,878‑square‑foot shopping center at 6409–6501 N Cosby Ave; 85% occupancy with existing retail tenant mix; Visible to nearly 59,000 vehicles per day on 64th Street
